COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 730, 1 February 1910, Page 8

COMMERCIAL ITEMS.

■ ':i{' y-::'i ; i .INyESTMENTJ BHAflESk';;. '}:: -.;' ; : >. A sale-of :Taranaki Petroleum : Bhareß'at 7s:■: ■'was: reported: -yesterday. ;.'■ National ,Eank,- buyersSE6 is.; -B.i-nk »?. New '"•■> land,' - buyers. £9 ■ 95.',:-; sellers. £9 ■ Us.;.. .Wet (lingtbn. Trust'and Liaii,. IjUv<vu ■'■>:. '.'■•■''.'.■•■.:.: National-Mortgage, buyers £3; Wellington -'£10 paid,'sellers ±18 55.; £6 15b. , paid, : sellers -£l4;.6s.;>Wellir.iton,' WobUen,. skiers Si'/ts:-, Westpbr!'Ooal,,'"seUors £6 65.; Wostport-Stockton,; buyers 6s: 9d., sellers 7s. 3d.; : Kauri Timber,'.buyers:Wβ. 7d;,rsellers 14a. IOd. ; :'lieyland-O:Brien.-Timber,.'-buyore ■£1 '3s. 3d.;, New: Zealand. Consolidated Den- , ' tal,'sellers■ £1 : .-3s. 6d.; Sharland's preference; : £1 -Is.'; '-.Taranaki>'Petroleum,■■; sellers is. . ..-:■..: ..■-..■■.;.■■-,■ .v.-".■ ■"■■ ,-■■ v,-- ■~,' . Tho-business.transacted during the past : month, was comparatively email, the course, iofvsales-vbeing as ;undcr:-^'.!■ ;■■ . v..' - ,-• National Bank, £5 IBs. 6d., £5 18s. 6d.','--£6•33.'---- : .-:•■'■■:.-■--'. ■-.■•'■ - : -V.v .■-■..■. '..' Equitable'-Buildinß,- £9 ss. "'■'■ ■'■■'. ■: :. I Wellington Trust and Loan, £7 4s. 9d. ViN.Z. and-Eiver Plate, £1 15s.' ■. ::■ : ;-: ; Peildlng ,Gas,'£l; Iβ. 3d.' ,x-- ■:■■;.■-■ ■ .'-Wellington- - Gas, £10 paid,. £10 ss. '; ' '- ■ ■■- Wellington-'GaB," new ■ issue, £2 10s. prermiiun.".■•■■.■:'■. ■:■■-■■:-■:';■'.'■.:.- .. '.-:•- . ■-.-:. :-New; Zealand.,lnsurance, £3 16s. ■; -"■. •'I South', British' Insurance, £2.145., £2 Hβ., £2 Us) li. ■:■ ■,•:-■-■ ' . '.-;-■- ••.'.. >:: .■ ' '- .:-Standard'lnsurance,'£l 3s. . -' '■•■■.' '.. -Ohristchurch Meat, £11 7b. 6d.' ■ '-' ,-i, Union Steamy £1 12s.' ■ . -,-' . .' ; . '.'..■Westpprt Coal, £6 55., £6 55., £6 saj,'£6.ss.' ■""■■ Wos'tpbrt-Etockton, ,7e. : ; '•■.•.. '•'■■. . ■'■■■'-.( '.'Taupiri Coal, -18a. 9d/ V .•" ■' ' - : - ' ~ Bharland's ordinary, £1. Oβ. 3d. ; Taranaki'Petroleum, 7b. ■ -,;,. ■ .: ••'■■ " y ■';: '::■:'customs; eevenue. 'Q ':■;■;■. Customs' rovenuo collected at -Wolliußton yesterday, amounted to £1786 Ss. 10d: Tho total for the month of, January was £57,884 IBs. 6d:i beer: duty amounting to £1111,35.Cd., and surtax to-£1252 4s. 6d. For the corrcspondhiff month, in 1959, tho revenuo ivas £56,506 195., and the bfior,, duty- £1087 9*

V ... LONDON: WOOL, SALES. ■!. V ...iSPIRITED BIDDING FOe! MEEINO's,> ;. AMEBIOANB BUYING OEOSSBEEDS. By Telegraph-Press AsßOciation-Conyrieht. ;■■:' ' -■' London, January 30. At: the wool Bales a ■ good selection of merinos elicited spirited bidding, witlr n hardening tendency in prices. Americans operated heavily in medium and low orossbreds.'-;' - ■.'■.-'■'. --. • . ■ -.-> ~ ~, . .The 'following', clips were. sold at the 'price;-recorded:-?-'.'., .■■■•..■'■. .

■ ;-..■ ■'.■ . ■'■■'■■•' . Top Average ■■'.■■■•, :: '-:•■."■■ ■•• ■»■■•-.. : Price. : ! Price.'-'-' ; ■■•-' - :,; ! "■ ■" ''■■■'• . 'd. -■ d.. : Elderslie .........._.......... 18. 16' .;-.'. To Apiti ..;...;.^....;.^...;: 161 - 143 • TautanC ;...:. ....: 16J HI' 1 ■'•■' -W.D:•■■ ....-....„...........'; 16 . 13| ..;' Awatoito . : ;..... 13 ; 121-9 . TWt-itn-r. Quantity catalogued to'-date is 118,836 bales, of which ■ 109,097 have been sold.- :■■■■ ■■- ' - - .■.-.' •-'■-. ' ■•■

■ ;'ltessrs. Levin, and : Co., Ltd., have received, .cable , advices that the folWing. clips i have been . sold in London at the sales ;now : current/'-tho". prices named being;for>the fleece portion of tho clips:— i,"Croaskey»," . Masterton, 59 bales, 1343.; ! "E.q./Opau," Makara, M bales," 11 15-16 d .: ■ JJ. J WL.," vJlartinborough, 20 bales, lljd.; "F.5.0.K., , . , .Miistcrton, 21 bales, UJd.; 'Tohoe," Alfredton, 162 bales, 118 d.; (brand)! Jlastcrton, . 254 . bales, lljd.; "Bushgrove," Masterton, « bales, .11' 11-I6d.j : . "Terimn,". Wanßanui, 10- bales, , 9 5-16 d.; "W.H.S:," Otaki,'. 44 bales,. llfid.; "Lansdowne," Mart borough, 108,balee, 13Jd:; "B. diamond 8.," Featherston. ■"> 148 bales, 13} d.; "Eiohmond 8r00k.;. , : Blenheim, 88 bales, 123 d.; "S/ I!EK.j" Nelson, 11. bales, ,121d.;:"8.H.,'! Nel-: son,, 14;balcs, 12Jd.j "Otahnao,"-Masterton, 12id. ; -"A.8;," Nelson,' 58 .bales, -u.15-16d.i- "Jlarahau," Wanganui, 24 bales, 93d.;- (brand), Alfredton,. 15. bales,'. Hid.; -'O.ll.Burnßide,"::Masterton,'-30 bales, Usd • ."Awatoitoi,", .llasterton, 212 bales, - 12d.j "Spnr," Terawhiti, 188:balcB, 13Jd.; "Wai-' manu," Masterton, 14: bales, ■ lOJd.; ' "Otauin,V Hunterville, • 28 - bales, :i2Jd.; "Glenmorven," Hunterville,- .63 ,bales, llid. .:.■•' . Messrs; Murray, .Eoberta and doi-'havo-re-" ceived.tho following-,wool market- cablegram •; from their London agents, Messrs. Sanderson, Murray ;■ and Co., - dated Janu;ary29, 1910:-Compared with present London.; sales opening ..rates, tlio market- is very, firm.' • Merino shows.' a hardening tendency, iand;'greasy merino fine has advanced..s:.to.7i per cent.. ; Greasy crossbred, 1 suitablo- for America, has advanced 5 to 10 \per-.cent... The. market-.'for'.'other: descriptions, of crossbred shows no" materialchange.. ■'.-,;: '■" ■:■,.- -.''.■,■''. -..- -.-'; .

.: ■■;;. COLONIAIi AND. OTHEE /PBODUOE. .'■'-' .By.Teleirraph-PreeaAssociatlon-Copyrlßht. '" V . ■ . '.-' '-' -■''...y-'-■'■::': London,: January. 30.,.' pabbits;.are steady.- Large Sydners, ex store, 16a. There is a good trade owing to shortage ,=of ■ English/supplies.' . - ■■: -.. Wheat—The quality: of wheat .and''flour' for the.United. Kingdom is 2,76o,ooo'quarters,, apd for the Continent 865,000.: Atlantic: shipments,: .149,000 ' Quarters; ' Paoific. 45,0 m..-:.::;''■■;'. ;,>■:•. .■' -■. " :,- -V// ■/ '- ~ ■■.■'■ v' Hemp;— Dull; prices unchanged.: ■ .„.•-, ,'Copra.—Market dull, with small sales/ Sonth/Sea; in/bags, .£24.: <'V.:V;:V :: ■: :."• ■'■ Cotton ;is /quoted.at Liverpool at 7d. ■per/ , 1 D.-;..:;• '.':V-::.■'■':■:■ ./.•■•■ ■■..■.,.'.':.•'. ~W; '■■\-V.y- ; C; iIHE 'IEETAIi-:itAEKETS.-":• v '.?■' ■.Copper.--On;, the/spot, £60 ■Hβ;- ..3d. : por ton; three months, £61 10s.-: ' "i , :,Tin.-Spot,,£l«J: 15s.- per ton;-, three mqnthsV:£l4B:l7s;6d. //:/,/•;.: ■/-..; ■■\>J:{-[ ■' R/iHIGH^COMMISSipNER's' ■; OABML .'; > ■

v.The Commerce and, Tourists Division of.the .Department of .Agriculture has received the: following "cablegram from the : High. Commissioner,.\dated. London;;: January:. 29: V,' \--.-■.-,•' /•■..-.:.;,■... r.-:.-\\ : ' : -- ■•-;.'

'■ : There.is'-.'a. dull sale 'lor"all' qualities' 6I l routtpn;.;except Canterbury, which is ,in small: supply. /.The average price of 'North 1 Island mutton 1 is 38d.' per lb., Australian (in .large'.-supply), 3Jd.: Eiver Plato,.sJd. -.Tho-lamb, market .is (iuiet. , :- Supply is small. 'The averaged price 'of now season's Canterbury lamb, is 6d. per-lb., .and o! other;.: Now. Zealand, brands 43d.-" ; i;- ,: : '.-.-The beef "market ". is steady, -with amoderate ■■ inquiry.' . .New: Zealand, hindquarters;, 3Jd.';per lb;; fore-quarters, 2Jd.i: ./The, butter market is , very■• firm; there is a great; demand- in, the market;;holders are; not anxious -.to, sell,'■ higher prices being anticipated; tho , market.is excited,; but.-'think..'.without sufficient cause.:-New Zealand supplies arc now. in second:hands.' Thc« average - price of •'. choicest 'New : Zenland;, butter is; 1203.7 per cwt.'; -Australian; 1165.• -Argentine,',llßs.;%Danish,■- 1265.';, Siberian, 110s. -' .; ■,:)■' .■'•'■■ ■ ■-.-.■■':' '■ . :■-'.' ;'■■ --■'• ,-! Tho ;cheesp market';is. yegy ■ Sim.' ''•;'.New Zealand : :fincst whito..ohees-is : averaginj: ;585.,-and-coloured 675.'-6 d. .pero'wt.: ' .' ~' The' hemp 'market is quiet,- but: steady,-, Prices 'are. Ob follow:—Spot, New Zealand good-fair,: £27:10s:/per':.'ton;;-fair,:'.£26;i0s;;, Manila, 'fair current,■ £26 -lOe'.!. JamiaryMarch,shipments', good fair, £27; faii; £26;. Manila, -'£26; ..The output of Manila hemp for the\week,was 23.000,ba1e5.: ■ ... ■ • " :

. ;Wh>at:-The 'market- is--.'flriri,' !but'.little ,donig. i-iNew .Zealand lonft-berried-.wheat; dx 'granary,-/per ■■4061b.,;'415'.- 6d;; : : "shortberried,;4is.,: nominal. l '- V..- ••'.;' :■.-•_\\,. .--., - is. , quiet ■ but,- flrm..' Jiew, Zealand short oats, (sparrowbills) ex •|ranary>::'per;. M4lb..'-20s;r:-:Danishi;.per ; :: Beans.^-The■ market ,'r'emaina : flrihj r; :Ncw beans,.. f.a.q.,:;01d-, .crop, •per. market.,-Is•'firm- butvdemand'Partridee .Ecas,.;per;..EWlb.,'Bss.-6d. .-.■■:■• ' ; ' . . ■ ■ .-. ;'Opcksfoot.—Tho :-market ■is nniet, ■' and prices -slightly, weaker;- buyers aKv'not-kcen-to, do .business., Stock is small; V'New--Zealand'-;bright' clean, 171b.' seed.;. 74.« per cwt.- '. -;;■-,- ■; :■- '-~;>.--..;':.' '■/.■. •y'-:- ■''-:■;.■ ;■■■■.■'■. '-/-The 'wool'; market '-remains "'firm.'■'■'•■ ' : "- ■ .Thehpp market is-firm, with 1 ,hardcninß ; tendency. '~ Prospects -aro favourable. Can .recommend early shipments from New Zea- ; •land.,;: y;-/' ■;■■■ ';-;■:■;,-:.:■- . -;>- :.■;:■:.::-',-: ':--., - / :

MRANAKIjPETHOIjEtTir. , ;.'• :j!;_;:IBr 'Meirraph!—PressXssociationj:'., : . . :^,lJev;};Plymouthj:January >31. : : ■ ■:• Between 6 p.m. on : ;Thur6day,.'and-6 -a.m; to-day: 120. barrels-of petrolcum.had,beoh obtained from '!fo. 2; we 11 , ,: which , , still produces - aV'about :the. '30 , barrels per day./without- pumping, a highly .payable 3 -well is also im-'. .proving;, and giving; a" gubd;yield. :■,■■;>; •■, • VNEW ZEALAND"'PORTLAND' CEMEHT : '• : y^(By^Teleerap'h^Prqssr'AißociaUon.^l ;; ';•■„: 'd'-: : ri'^^': : Dutrtdiri;-January 31. v : The thirteenth annual: meeting ■ of. the shareholders' in ..the New Zealand Portland : Oemont Co; was; hold to-day. v ; The. directorß'.rannnal report' etated that the profits 17s. i'Bd;v : which, with the balance at tbo becihningrof tli« year; made; After- deilnc,tion, of ;the •■ amount paid : in, tho; : interim dividend-. (£3859 ■ 9s. .4d.) ,■ thero -was : a 'balance", of £7474.,-17 a:.,; lli'v Tho directors'■ recommended tho payment of a- dividend at the. rate of • 6.per;cent.-, for the half Tear, estimated' tcamount' to -,£4300;' to write off..JEIICO ,for' depreciation■ ofi plant; to •transfer:,'£lß6i;. ,10s. to.: fand;."to transfer. -£125 .to vessel' insurance fund; 1 .and'.;to.:crary;'forward .£BBB 7s. ild.: : •:-.. •" /jln -moving : tho. adoption .of tho "report, tho. chairman:.:of'■ directors ',(Hγ.-P.! ißarr) congratulated '.the '■ shareholders on a' fairly encccßsfnl:' , year. ■<■;'■■ The , : ; net profit for the year was .somewhat ~lqss • than tho ■ estimate, formed at the beginning of,tho year, but, owing, to- tho continuation of alterations.and additions at tho worts, the oiit' : .put had.' been .somewhat restricted.': "Con.' tracts actually 'on' hand and .the general prospectsfor the; year. ..were such 'that'the directors .believed, tho., company would'; be quite; able to .holdits,own in -. the -.future. The 6alc3 for October; November, and D& cember exceeded all;.previous returns,- each month, being''bettor than; the-last, and December establishing a record. .With regard, to tho alterations in, tho,works. the chairman .said' it -hid :been' '-i decided to lengthen the.preserit kilns. to : 120 ft.., each. ; It was' estimated .'that '£3000 would complete the'works. • The chairman concluded by 'paying, a:-tribute; to Mr. , P.: N. Kings--, well;.managing director'.-... ; -.-.. ■ \ ■'■ :Tho ; motion; was: carried.-"'■■■■ ~ ~,-'..

; It-.., was..-; decided:. to v add ' Mr.' .: J.-:'-. B; MFarlane (Auckland)' to .-. the board of' directors.- The .'retiring auditors, -Messrs. J;" Brown (Dunedin)'-■ and./TC.- E. Holmes (Auckland), were- reappointed. ' " -■, .